Valhi Inc. (VHI) Trading Up 9%
Valhi Inc. (NYSE:VHI) shares were up 9% during mid-day trading on Tuesday . The company traded as high as $2.29 and last traded at $2.19, with a volume of 519,268 shares changing hands. The stock had previously closed at $2.01.
Separately, Zacks Investment Research raised Valhi from a “sell” rating to a “hold” rating in a research note on Tuesday, May 31st.
The firm’s market capitalization is $763.11 million. The stock’s 50-day moving average price is $1.88 and its 200-day moving average price is $1.68.
Valhi (NYSE:VHI) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. Equities analysts predict that Valhi Inc. will post ($0.07) EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Tuesday, September 6th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Thursday, September 1st.
Valhi, Inc is a holding company. The Company operates through four segments: Chemicals, Component Products, Waste Management, and Real Estate Management and Development. The Chemicals segment operates through Kronos Worldwide, Inc, which produces and markets titanium dioxide pigments. The Component Products segment operates through CompX International Inc, which manufactures security products used in the recreational transportation, postal, cabinetry, tool storage, healthcare and a range of other industries.
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